Lease Extensions in Henllys

FAQs concerning Henllys Lease Extensions

I own a studio flat in Henllys that I now cannot sell as a result of the lease needing a lease extension. How long will it take ?

I am looking to purchase a two bedroom second floor purpose built maisonette in Henllys with a lease of sixety five years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.

We purchased a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Henllys and are therefore thinking about the option of a vesting order. Is this something you can do for us?

I am deliberating whether to purchase the freehold or a lease extension of my property in Henllys and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Bank of Scotland to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease began in 1981 and since then the ground rent has been raised from £25.00 per year to £100 per year.

I'm looking for an apartment to purchase in Henllys and I'm not really familiar with the leasehold arrangement. I've identified a one bedroom apartment I like with a 90 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with the mortgage?

I am about to view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has fivety nine years balance left on the lease. It is also a repo so I'm guessing that the bank will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?

I am a landlord of a block of flats in Henllys, and the tenants are in the process of being given lease extensions. I anticipate receiving funds next week. As I am not on self assessment do I write to HMRC ?

I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 71 years. I need a at my end. Can you advise please? I live near Henllys and have a mortgage with Skipton Building Society.

I'm living with my mum and dad but have a one bedroom first floor purpose built maisonette in Henllys let out which has a sixety three year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Henllys for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?

Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Henllys for a two bed flat - section 42 having been issued?

Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Henllys